25Th March 2021
25th March 2021 TERMS OF REFERENCE Appointment of an Independent Valuer for the Izuba City, Kigali, Rwanda Residential Development. 1.0 BACKGROUND AND INTRODUCTION The Company for Habitat and Housing in Africa, Shelter Afrique (SHAF), is a Pan-African finance institution created to uniquely support the development of affordable housing and sustainable urban development in Africa. The Bank was created specifically to mobilize financial and technical resources to address the acute housing shortage prevalent in most African countries. Shelter Afrique has traditionally focused on lending to private developers located in member countries, with only a small percentage of its loans going to governments and governmental institutions with implicit guarantees. Headquartered in Nairobi, Kenya, the bank’s shareholders comprise 44 African governments and two international financial institutions, Africa Reinsurance Corporation, and the African Development Bank (AfDB). As a development finance institution (DFI), SHAF underwrites debt, equity, quasi-equity trade finance, lines of credit and advisory products to housing providers in 44-member states, who in turn, support the efficient delivery of affordable housing and attendant infrastructure. Izuba City Project, Kigali, Rwanda is a development funded by the Company for Habitat and Housing in Africa (Shelter Afrique). Shelter Afrique wishes to appoint an Independent Valuer to confirm the property acreage at the recently completed development. The Izuba City project is located in the Gasabo suburb of Kigali City i.e., 6.0km from Kigali CBD and consists of sixty-four units (64), one, two- and three-bedrooms typologies in the form of apartments along with associated infrastructure. 2.0 OBJECTIVE An Independent Valuer will be appointed to confirm the property acreage at the development and produce the requisite report upon completion of the valuation.
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